Could GRAFTON GROUP PLC UT (1 ORD, 1 C ORD & 17 A ORD) See a Reversal After This Very Weak Session?

November 24, 2016November 24, 2016Dolores Ford

The stock of GRAFTON GROUP PLC UT (1 ORD, 1 C ORD & 17 A ORD) (LON:GFTU) is a huge mover today! The stock increased 0.85% or GBX 4.84 on November 24, hitting GBX 575.84. About 317,157 shares traded hands. GRAFTON GROUP PLC UT (1 ORD, 1 C ORD & 17 A ORD) (LON:GFTU) has declined 10.95% since January 26, 2016 and is downtrending. It has underperformed by 16.35% the S&P500.
The move comes after 5 months negative chart setup for the GBX company. It was reported on Nov, 24 by Barchart.com. We have GBX 541.29 PT which if reached, will make LON:GFTU worth GBX less.

Out of 9 analysts covering Grafton Group PLC (LON:GFTU), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Grafton Group PLC has been the topic of 45 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, May 10 by Davy Research. The stock of GRAFTON GROUP PLC UT (1 ORD, 1 C ORD & 17 A ORD) (LON:GFTU) earned “Buy” rating by Liberum Capital on Wednesday, August 31. The stock of GRAFTON GROUP PLC UT (1 ORD, 1 C ORD & 17 A ORD) (LON:GFTU) earned “Buy” rating by Canaccord Genuity on Tuesday, April 26. Jefferies maintained GRAFTON GROUP PLC UT (1 ORD, 1 C ORD & 17 A ORD) (LON:GFTU) on Wednesday, June 29 with “Buy” rating. The firm has “Buy” rating by Goodbody given on Friday, September 9. The firm has “Buy” rating given on Monday, January 11 by Canaccord Genuity. Canaccord Genuity maintained it with “Buy” rating and GBX 795 target price in Friday, April 22 report. The firm has “Hold” rating given on Tuesday, May 10 by Peel Hunt. The rating was maintained by Goodbody on Thursday, November 10 with “Buy”. Numis Securities maintained the stock with “Buy” rating in Wednesday, August 31 report.